Saturday, Oct 1, 2022
International Finance

Tag : Reserve Bank of India

Business Leaders

RBI appoints IDBI Bank CEO as deputy governor

State-owned IDBI Bank CEO Mahesh Kumar Jain is appointed deputy governor of the Reserve Bank of India...
Economy

India demonetises currency to move away from cash

But this is not the first time a country has opted for demonetisation IFM Correspondent November 11, 2016: In a move that came as a shock, the Indian government banned currency notes of 500 and 1000 denomination rendering them worthless at November 8 midnight. The measure was taken to control fake currency notes and unaccounted...
Economy

India withdraws high denomination currency overnight

Aims to counter corruption, counterfeiters and people who avoid taxes IFM Correspondent November 9, 2016: Most of India is confused and in a state of panic after Prime Minister Narendra Modi announced on November 8 that 500 and 1000 rupee notes will no longer be accepted as legal tender. They will be replaced by new...
Economy

India eases FDI norms to boost employment generation

Decision helps government regain investor confidence IFM Correspondent  June 22, 2016: The Indian government led by Prime Minister Narendra Modi made sweeping changes to foreign direct investment (FDI) norms announcing easier terms and conditions for investors in sectors ranging from civil aviation to pharmaceuticals. The government has increased sectoral caps, raised limits under the automatic...
Banking

India’s central bank to identify bulwark in a financial crisis

The RBI will designate up to six banks as Domestic Systemically Important Banks (D-SIBs) to reduce the risk of collapse of the financial system July 24, 2014: The Reserve Bank of India (RBI) has decided to designate up to six banks as Domestic Systemically Important Banks (D-SIBs) to reduce the risk of collapse of the...